President of Nocturne Capital Daniel Crosby discusses behavioral finance, spending time with your children, how not to raise snowflakes, and more.
Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into 5 languages.
His latest work, The Behavioral Investor, is a comprehensive look at the neurology, physiology, and psychology of sound financial decision-making. When he is not consulting around market psychology, Daniel enjoys exploring the American South, fanatically following St. Louis Cardinals baseball, and spending time with his wife and three children.
LINKS FROM THE EPISODE
Can you tell me the professional accomplishments you are most proud of? [1:09]
Do you have specific experiences in your childhood that prompted your desire for authentic living? [4:59]
Where does your interest in Russian literature come from? [6:22]
Where did you get your draw toward finance? What were some events during your childhood that affected the way that you relate to money? [7:32]
What were some things you liked to do as a family growing up? [12:25]
Regarding your book You're Not That Great, how do we teach kids to resist the message of believing they are special whether or not they've put in the work? [15:47]
How do you take your kids on vacation while helping them to stay on top of their schooling? [20:36]
Do you ever feel like you're slipping into dad-lecture mode? [22:17]
What were the most positive experiences you had with your children that helped prepare you for adulthood? [23:11]
Can you give us a short definition of "behavioral finance"? Is it something that can be taught to a kid? [24:55]
Do you have any advice for parents who are trying to raise financially and professionally wise children? [30:45]
What is your favorite charitable cause? [32:26]